Author: Anthony M. Orbison

A widely followed crypto analyst says that one meme asset that has seen a 300x surge in under a year is on the brink of sparking another major rally. Pseudonymous crypto trader Altcoin Sherpa tells his 223,600 followers on the social media platform X that memecoin Popcat (POPCAT) looks incredibly bullish after taking out its last true resistance at $1. According to the trader, he sees POPCAT surging by over 60% from current levels. “Once a coin breaks out of the range, you want to see continuation. Of course, this is going to depend on BTC but I think that…

Oil futures posted their largest gain in more than a year last week. And the frenzy was even bigger in the options market. As traders fretted over the risk of a major price spike, the call skew on second-month West Texas Intermediate futures jumped to the highest since March 2022, when Russia’s invasion of Ukraine sparked concerns that millions of barrels a day of oil from one of the world’s top producers would suddenly disappear from the market.  In a stunning turnaround, hedge funds, commodity trading advisors and other money managers raced to reverse positions that in mid-September had turned…

(Reuters) -Activist investor Starboard Value has taken a stake of about $1 billion in Pfizer (NYSE:) and wants the U.S. drug giant to make changes to turn its performance around, sources familiar with the matter said on Sunday. Starboard has also approached Ian Read, a former Pfizer CEO, and Frank D’Amelio, who served as CFO until 2021, and both have expressed interest in helping the activist investor, the sources said. Read served as CEO until Albert Bourla took the position in 2019. Bourla was instrumental in working with BioNTech (NASDAQ:) to develop a COVID-19 vaccine. Pfizer declined to comment and…

BingX has temporarily suspended withdrawals following a suspected hacker attack on its hot wallet, with blockchain analysts estimating losses exceeding $40 million. Singapore-headquartered crypto exchange BingX has paused withdrawals after detecting a suspected hacker attack on its hot wallet, with blockchain analysts estimating losses surpassing tens of millions of dollars. In an X post on Sept. 20, BingX’s chief product officer Vivien Lin said that the breach occurred at around 4 a.m. Singapore time on Sept 20, prompting the company to launch an “emergency plan.” At around 4am 20 Sep Singapore time, our technical team detected abnormal network access, suspecting…

By Kevin BucklandTOKYO (Reuters) – Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour data dispelled fears of a recession and spurred a sharp paring of rate-cut bets.Short-term U.S. Treasury yields rose after the closely watched non-farm payrolls report on Friday showed the economy unexpectedly added the most jobs in six months in September.Crude oil prices eased from a one-month peak even as Israel bombed targets in Lebanon and the Gaza Strip, with Monday marking one year since the Hamas attack that triggered the war.Japan’s Nikkei led regional equity…

In a post on the social media platform X (formerly known as Twitter) on September 26, notorious conservative influencer and anti-DEI activist Robby Starbuck — the architect behind the latest wave of anti-DEI backlash, declared that “It is time to expose Toyota.” In a 13-minute and 40-second video attached to the post, Starbuck used divisive, homophobic rhetoric to outline the reasons for his attack against an automaker that had “gone totally woke” and pleaded with Toyota  (TM)  executives to be “politically neutral.” Don’t miss the move: Subscribe to TheStreet’s free daily newsletter”We don’t want to worry about if a company is going to use…

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK businesses have put hiring on hold because of uncertainty over the government’s plans on tax, industrial strategy and workers’ rights, a closely watched survey showed on Monday.Recruiters placed fewer people in jobs in September, in a continuation of a market slowdown that has lasted two years, the monthly report from KPMG and the Recruitment & Employment Confederation showed. Meanwhile growth in starting salaries was at its weakest since February 2021.Jon Holt, UK senior partner at KPMG, said businesses had put the…

By Hyunjoo Jin SEOUL (Reuters) – Samsung Electronics (KS:) is expected to flag more than a four-fold jump in quarterly profit on Tuesday on improving demand for chips, but the pace of its recovery is weakening, as it is slow to cash in on the artificial intelligence boom. Operating profit for Samsung, the world’s top maker of memory chips, smartphones and TVs, likely stood at 10.33 trillion won ($7.67 billion) in the quarter ended Sept 30, according to an average from 29 analysts with LSEG SmartEstimate, weighted toward those who are more consistently accurate. This is a jump from 2.43…

Este artículo también está disponible en español. In a recent trading activity on the crypto exchange Binance, 72% of ETHUSDT traders have taken long positions. This interesting sentiment is revealed through the trading analytics platform CoinGlass. This surge in long position is more notable as it comes after a week of Ethereum trending downwards. Related Reading The strong tilt toward long positions suggests that most traders are confident Ethereum’s price will rebound in the coming week. On the other hand, 27.97% of Binance traders are still holding short positions on ETHUSDT. ETHUSDT Long Positions Soar: What’s Behind It? According to…